Echo Global to replace C&J Energy in S&P 600 as of 4/1 close C&J Energy Services (CJES) is merging with certain assets of S&P 500 constituent Nabors Industries Ltd. (NBR) in a transaction that will result in C&Jís public float dropping well below the 50% threshold needed for continued inclusion in the index.

C&J Energy shareholders approve pending merger with Nabors Industries C&J Energy Services (CJES) announced that at a special stockholder meeting, C&J stockholders approved, among other matters, the proposed merger contemplated by the Agreement and Plan of Merger, dated as of June 25, 2014, by and among C&J, Nabors Industries (NBR), Nabors Red Lion Limited, Nabors CJ Merger Co. and CJ Holding Co. If the merger of C&J with Nabors' completion and production services business is completed, Nabors CJ Merger Co., a direct wholly-owned subsidiary of Red Lion, will merge with and into C&J, with C&J surviving as a wholly-owned subsidiary of Red Lion. In connection with the closing of the Merger, Red Lion will change its name to "C&J Energy Services Ltd." and will be listed on the New York Stock Exchange under the ticker "CJES".